Whole Life policies provide a death benefit and an accumulating cash value. By definition, it has a fixed premium and a level death benefit to age 100. Whole life is generally one of the most expensive types of life insurance. The premiums don't increase with age, which averages the cost of the policy over your life. The cash value increases with time until it equals the death benefit at age 100.

Whole life is also known as Ordinary (or Permanent) life insurance. This type of policy never has to be renewed or converted. A cash surrender value is the amount of money that you are often guaranteed to receive in the event of canceling your policy. You also have the ability to borrow against the cash value of your policy.

Contact your Global Advisor today for a quote or to arrange a review of your insurance needs.

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